The former Bank of England Governor Lord King has warned that the problems with the British banking system also revolve around the issue of a "bank too big to fail" a critical factor which has not yet been resolved. We allowed a banking system to build up which contained the seeds of its own destruction. The Governor has also addressed the question of "moral hazard" being that a bank behaves different because it is insulated from risk on previous occasions. In 2009 he warned that the governments decision to bail out British banks had "created possibly the biggest moral hazard in history".

Lord King compares the banking culture of short-term profits and bonuses with that of traditional manufacturing industries which he says operate in a more "moral" manner. They care deeply about their workforce about their customers and above all are proud of their products. With the banks there isn't that sense of longer term relationships.

Lord King expressed surprise that there had not been more public anger over spending cuts. He told the Treasury select committee: "The price of this financial crisis is being borne by people who absolutely did not cause it I'm surprised that the degree of public anger here has not been as great as what has been seen in the United States."

The US Congress Senate Oversight Committee responsible for the nations security and financial well being are understood to be also taking a close interest following recent announcements by close aides to President Obama concerning the new pivotal offshore tax evasion and banking legislation which is thought in Washington to be a "critical further lever of strategic control" for the US Justice Department and the FBI in the concrete fight back against white collar organized crime tax fraud and terror funding related activities which have seriously undermined the much sought after economic recovery for America's main street who have suffered greatly at the hands of the financial sector.

Further disclosures which been revealed in American and British media reports on the massive Carroll Foundation Charitable Trust national security case is understood to have galvanized well seasoned Washington political observers who are understood to have recently remarked that this case is now regarded in Washington as an "important show of strength to the nation" at a critical point in the Obama administration's four year term.

The Carroll Foundation Trust Criminal Case is one of the largest ever ongoing white collar organized crime offshore tax evasion fraud heist operations in modern economic history. The case dossiers embracing the staggering $1,000,000,000 (one billion dollars) embezzlement of funds liquidation of assets on a world wide basis are held within a complete "lockdown" at the FBI Washington DC field office and the Metropolitan Police Scotland Yard Specialist Operations Directorate London.

In sensational new criminal allegations in the Carroll Foundation Trust one billion dollars cross-border offshore tax evasion fraud case it has also been revealed that the HM Treasury legal advisors Slaughter & May were paid a bewildering thirty two million pounds in legal fees to prop up most of the bankrupt British banking system. If this was not enough shocking news for the taxpayer the follow through has been massive bonuses paid out to these banking institutions now partly owned by the taxpayer who paid the Slaughter & May bill. Hard on the heels of this horrific "abuse of power" by 10 Downing Street and the HM Treasury further shocking disclosures in the Carroll Trust case are understood to now involve new explosive dossiers which are believed to have been obtained by the FBI Headquarters elite law enforcement officers charged with this major case of international importance.

Sources have revealed that the Slaughter & May partner Lucy Wylde who has now been appointed as a high level UK Government official was at the time "on loan" to the HM Treasury department whilst this shocking expenditure was incurred. It has now been further disclosed that Lucy Wylde is also the Carroll Foundation Trust lawyer "named" in the FBI Scotland Yard files. Further sources have said that these dossiers contain forged and falsified tax haven corporations directly "linked" to fraudulent HSBC International offshore "numbered bank accounts" which effectively impulsed this massive tax fraud heist operation which stretches the globe.

Well seasoned financial observers in the City of London and New York have remarked that the Slaughter & May partners Lucy Wylde Glen James and Simon Hall are believed to be also seriously implicated in the parallel US Department of Justice Carroll Maryland Trust FBI files surrounding the "fraudulent incorporation" of Delaware "registered" Carroll Trust corporations which also provided a "corporate criminal screen" for this huge tax evasion scam spanning three continents.

NSA Fort Meade NSA Carroll County LIVE FEEDS

The FBI Washington DC field office elite organised crime officers charged with this major national security public interests case have obtained specimen exhibits of the forged and falsified State of Delaware "registered" Carroll Trust Corporations which are = linked = to tax haven Gibraltar British Virgin Islands and Bahamas offshore = numbered bank accounts = which effectively impulsed the criminal liquidation and embezzlement of over one billion dollars of Carroll Foundation Charitable Trust world wide interests.